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Mixed-Use Property in North San Diego County Goes for $8.2M
Roosevelt Plaza @ Carlsbad Village, a 19,950-square-foot, mixed-use property in Carlsbad, CA, has traded hands. The three-story retail, creative office and residential asset was acquired by Beverly Hills, CA-based La Cienega Property Group from Encinitas, CA-based Stos Partners for $8.2 million, representing a cap rate of 5.33%.
Built in 2008 on .25 acres at 560 Carlsbad Village Dr. and 2975 Roosevelt St., the multi-tenant asset is 100% leased. The property’s innovative and in-demand amenities include a 2,000-square-foot community deck with panoramic ocean views, as well as office suites with concrete floors and exposed HVAC. The asset also features two high-end penthouse residential units in the heart of Carlsbad Village, which offer single-story, ocean-view living with private two-car garages.
Keller Williams Realty’s Vadim Baum represented the buyer. Hanley Investment Group Real Estate Advisors’ Eric Wohl and Andrew Cunningham advised the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


